Fostering Industrialization and Value Chains is Crucial for Taking Advantage of the Region’s Natural Resources
Demand for metal mining, led by China, had positive consequences for Latin America and the Caribbean in terms of exports and fiscal revenue in the last decade; however, the region did not make progress on a policy of industrialization: the linkages with other sectors are still weak and policies are lacking for mining to contribute to the creation of new capacities, ECLAC indicates in its latest annual report Foreign Direct Investment in Latin America and the Caribbean 2016. According to the document, in the last 15 years the average relative weight of natural resources in the total flows of Fo…